The Mudcat Café TM
Thread #129466   Message #2936247
Posted By: Q (Frank Staplin)
28-Jun-10 - 05:31 PM
Thread Name: BS: US bigots attack British Company (oil spill)
Subject: RE: BS: US bigots attack British Company (oil spill)
News, June 28.
BP stock up a bit (0.11%) since storm fears wane. A rig to increase recovery from the leak may be delayed because of the storm Alex, however, Adm. Allen said..

Adm. Allen says relief well will not be at its target before mid-August. The drill is within 900 feet, but the last drilling has to be done "very slowly."

Eugene Turner, professor of Oceanography at Louisiana State univ. and NOAA scientists say the "dead zone" will be larger this year (about the size of New Jersey) but how much is the effect of the spill is unknown.
In an understatement, Prof, Turner said the combination of the hypoxic zone and the oil spill will not be good for local fisheries.

Costs to BP have risen to $100 million a day; currently at $2.65 billion.

Refinery at Toledo, Ohio, back online after boiler failure June 15.

TransCanada Pipelines, partnering with Exxon-Mobil, have proposed building a pipeline from Alaska to Canada to the lower 48 at a cost of some $30-40 billion, says it is not discussing a merger with Denali, a rival pipeline by BP and Conoco-Phillips (proposed with a cost of $35 billion). Talks on such a merger, in the multi-billions, was reported in the Houston Chronicle. Both plan to connect with lines in Alberta (Trans-Canada).
Steve Rinehart, a BP Alaska spokesman, refused to comment.